CEBS today published its advice on the information that may be exchanged between home and host supervisors of branches under article 42 of the CRD

Following the European Commission's call for advice received on 17 March 2009, the Committee of European Banking Supervisors (CEBS) today publishes its advice on the information that may be exchanged between home supervisors and host supervisors of branches under article 42 of Directive 48/2006/EC ("the Capital Requirements Directive" or "CRD").

It is a piece of advice that is of interest mainly to banking supervisors. This fact, together with the scarce time CEBS had available in order to perform the analysis required to provide the advice, have lead to CEBS's decision of not undergoing public consultation.